If you’re trying to trade in your current car for a new one but still owe money on it, then the more your car’s currently worth, the better. Before going to a dealer, find out your car’s current value and loan balance to be paid, and have all the details and paperwork ready with you. …
You can afford a BMW when you’re debt-free, have saved at least 6 months’ worth of living expenses in an emergency fund, and can comfortably send 10-20% into retirement savings and investments. Getting your first serious job right out of college introduces you to the world of personal finance. So here you are with your …
In essence, many full-time federal employees earn about $18,000 yearly. So, if you want to make $20,000 annually, you will need to earn more than the minimum wage of $9.61 per hour. Frankly, surviving on $20,000 a year is challenging because that is not even your net take home. Your monthly after-tax will come to something around …
When asked, most of us have two big goals: buying a house and buying a car. We find these big purchases necessary (most of the time) and consider a house as an investment. Undeniably, not all of us can afford to purchase both simultaneously or even afford to have one on a short-term basis. We …
Too much debt, or being overleveraged, can be a huge handicap on your finances and ability to borrow money. When your income barely meets your expenses, you’re in trouble. If your income doesn’t even cover your debt, you have to stop right now and plan a way out of the hole you’ve dug. Things happen, …
